Great Lakes Advisors LLC Trims Position in Guidewire Software, Inc. $GWRE

Key Points

• Great Lakes Advisors LLC significantly reduced its stake in Guidewire Software, Inc. by 77.5%, holding 33,621 shares after selling 115,735 shares in the first quarter.
• Guidewire Software reported a 22.3% increase in quarterly revenue year-over-year, totaling $356.57 million, with earnings per share of $0.84, exceeding analysts' expectations.
• Analyst ratings for Guidewire Software show a consensus of "Moderate Buy" with an average target price of $274.08, reflecting optimism among several brokerages.

Great Lakes Advisors LLC cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 77.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,621 shares of the technology company's stock after selling 115,735 shares during the quarter. Great Lakes Advisors LLC's holdings in Guidewire Software were worth $6,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GWRE. SBI Securities Co. Ltd. grew its position in Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the first quarter worth about $25,000. Quarry LP purchased a new position in Guidewire Software in the first quarter worth about $28,000. Rise Advisors LLC bought a new stake in Guidewire Software in the first quarter worth about $31,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after purchasing an additional 70 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $261.28, for a total value of $365,792.00. Following the completion of the sale, the chief executive officer directly owned 221,868 shares of the company's stock, valued at $57,969,671.04. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $214.30, for a total transaction of $642,900.00. Following the completion of the transaction, the president owned 140,489 shares in the company, valued at approximately $30,106,792.70. This represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,941 shares of company stock worth $6,987,551. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their price target on shares of Guidewire Software from $270.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Robert W. Baird lifted their price target on shares of Guidewire Software from $270.00 to $288.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Finally, Citigroup lifted their price target on shares of Guidewire Software from $247.00 to $267.00 and gave the company a "neutral" rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $274.08.

Guidewire Software Stock Performance

Shares of GWRE traded down $0.23 during trading hours on Friday, reaching $252.96. 535,872 shares of the company traded hands, compared to its average volume of 809,281. The stock has a market capitalization of $21.30 billion, a P/E ratio of 316.20, a P/E/G ratio of 16.55 and a beta of 1.22. The company has a quick ratio of 3.23, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. Guidewire Software, Inc. has a 12-month low of $165.08 and a 12-month high of $272.60. The business has a fifty day moving average price of $224.00 and a 200-day moving average price of $213.75.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The technology company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.62 by $0.22. Guidewire Software had a net margin of 5.81% and a return on equity of 9.00%. The company had revenue of $356.57 million for the quarter, compared to analyst estimates of $337.82 million. During the same period in the prior year, the company earned $0.62 earnings per share. The firm's revenue was up 22.3% on a year-over-year basis. Guidewire Software has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.